The Penalties are Coming
Posted on April 6, 2020 by Tower MSA Partners
The Penalties Are Coming
With COVID-19, it’s understandable if Civil Monetary Penalties (CMPs) have slipped your mind. CMS has proposed stiff penalties—up to $1,000 per day per claimant—for incorrect MSP reporting or failure to report. (Our Chief Compliance Officer Dan Anders posted on these in February.) For a well-written synopsis of how they could affect you, read this article by Michael Stack, CEO of AMAXX, LLC: Increased Penalties are Coming for Incorrect Medicare Secondary Payer Reporting.
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